S&P Equity Research Reiterates 'Sell' on Interline Brands (IBI)
More News related to IBI
- Interline Brands, Inc. Scheduled to Present at Robert W. Baird's 2009 Industrial Conference
- Interline Brands (IBI) Misses Q3 by 2c
- Trading Radar for 10/30: Sony (SNE), Penske (PAG), Alcatel-Lucent (ALU) Report
- Interline Brands, Inc. to Hold Third Quarter 2009 Conference Call
- Solar Energy Initiatives, Inc. Announces Chris Wirth as Chief Marketing Officer
More News related to Analyst Comments
- iPhone on Verizon? Not So Fast Says Analyst
- Auriga Reiterates a 'Buy' on Aeropostale (ARO); Long-Term Growth Initiatives Support Premium Valuation
- Goldman Sachs Raises Target on Express Scripts (ESRX) to $105
- FBR Research Maintains an 'Outperform' on Fairchild Semiconductor (FCS); Raises Estimates & PT
- FBR Research Reiterates an 'Outperform' on Zions Bancorp (ZION); Adjusts Estimates & PT
S&P Equity Research reiterates a 'Sell' rating on Interline Brands (NYSE: IBI).
S&P analyst, S. Scharf, says, "Shares are down 15% after the open, as IBI posts Q1 EPS of $0.27 vs. $0.29, $0.03 below our estimate. Sales fell 2.1%, as weak pro contractor and specialty distribution units offset growth in facilities maintenance. We expect a soft residential housing market and weak economy to continue to impact sales and margins. We are cutting our '08 EPS projection by $0.20 to $1.45, and '09's $0.15 to $1.65. Blending relative and DCF-based metrics, we believe the shares deserves a below-peer-average P/E of under 10X our '08 projection, and we lower our 12-month target price by $3 to $14."
Interline Brands, Inc. is a national distributor and direct marketer of maintenance, repair and operations (MRO) products. [SM]
Related Categories
Analyst CommentsStocks Mentioned
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
